Boston College

Poll says blacks less likely to have enough for retirement

Older white Americans are nearly twice as likely as African-Americans to say they've saved enough for retirement, a new poll found.

The Associated Press-NORC Center for Public Affairs Research survey also found that African- Americans and Latinos have less financial security than whites and will rely on fewer sources of income during retirement. The retirement savings gap between white and other minority groups extends beyond pensions, 401(k)s or other retirement accounts.

The survey shows older white Americans are also more likely to collect Social Security benefits, inherit money from their families or receive income from the sale of a home or other physical assets.

...

70°